A tier 2 business is similar to a tier 1. The prices are less expensive, though, because they minimize operating costs. Some tier 2 businesses have services, but most do not. Most of the products are off-the-shelf. There are times, however, when tier 2 industries sell the same products as a first tier business. Most second tier businesses spend less money on R & D and more money on copying first tier products.
Tier 2
A tier 2 business is similar to a tier 1. The prices are less expensive, though, because they minimize operating costs. Some tier 2 businesses have services, but most do not. Most of the products are off-the-shelf. There are times, however, when tier 2 industries sell the same products as a first tier business. Most second tier businesses spend less money on R & D and more money on copying first tier products.